Mortgage fraudster to repay £500,000 spent on lavish lifestyle
A fraudster was ordered to repay £500,000 obtained by buying and trading properties and fraudulently storing the cash, allowing him to fund lavish holidays and property purchases.
Bank of Ireland recruits to establish itself as key broker brand
The lender confirmed its management team was making several corporate account manager hires since its brand re-launch in December in a bid to reposition at the ‘forefront of intermediaries’ minds.’
Tesco Bank offers first 90% LTV tracker mortgage
Tesco Bank slashed selected rates by up to 0.8% and commenced lending to 90% loan-to-value (LTV) on a tracker rate for the first time.
Clydesdale Bank hit with biggest ever PPI fine of £20,678,300
Clydesdale Bank has been slapped with a fine of over £20m for serious failings in Payment Protection Insurance (PPI) complaint handling, including misleading the Financial Ombudsman Service by falsifying documents.
NLA: Green Party manifesto an ‘attack on landlords’
The National Landlords Association (NLA) has described the Green Party manifesto as ‘a one-sided view of the private rented sector’ and an ‘attack on landlords’.
And some more you may not have seen…
Brokers ‘lack confidence’ to write life policies in trust
The majority of brokers do not write life policies into trust regularly, according to industry experts, despite 75% of respondents to a Mortgage Solutions poll saying they felt comfortable doing so.
GE Money Home Lending up for sale
GE Money Home Lending is on the market, although parent company GE confirmed it will be business as usual for up to 24 months until the sale completes.
Nationwide launches fresh cuts across fixed mortgage range
Nationwide has made a series of reductions across its two and five-year fixed rate deals at 60% loan-to-value (LTV), with reductions of up to 0.15%.
Brokers: Know your responsibility – Promise Solutions
The recent announcement from the FCA that second charge lenders will not have to find out the rate of first charges when offering a secured loan is an interesting one, writes Steve Walker, managing director at Promise Solutions.
Ex-Yorkshire BS boss tipped to be next chairman of Shawbrook
Ex-chief executive of the Yorkshire Building Society and former PRA member Iain Cornish is poised to step into the role of chairman at Shawbrook Bank.
